Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-06-03
ON CHANGE.
Spot Cotton Unchanged, Futures from
Two to Eight Points Higher
Money Market Easy.
Wheat Opened Strong, FIuctuated Narrow
~ and Closed at a Decline-Live
Stock Transactions Brisk.

| ~ and CLOSED at Decitne-Live
Stock Transactions Brisk.
FORT WORTH MARKETs-DAILY RR
VIEW.
OFFICE OF TEE GAZETTE,
FORT WORTH. TEX. June 2, 1887.
Trade was heavier to-day by 80 pei
cent. than on June 2, 1886, which is most
encouraging.
Butter has tirmer tone but prices have
not advanced.
Meats are weaker.
THE STATE OF TRADE.
General kilograms to Bradstreet's do
not record many new or favoring features
in reference to the distribution of general
merchandise, but aside from few indus
trial lines there are but few changes
within the week. The western and
northwestern Missouri and Missis-
sippi valleys, and some of the
Gulf states, have received needed
rains, greatly improving crop prospects
and stimulating country trade At St.
Louis, st. Joseph, Kansas City, ST. Paul,
Omaha and Denver there is relatively the
most active trading, and reports from
those cities, as from Savannah and New
Orleans are fairly encouraging. At
Chicago, owing in part to the lockout of
building trades employees, the volume Of
trade has declined. At other points
business is active, with complaints from
Cincinnati.
Total bank clearings from thirty eight
cities, telegrsphed to Bradstreet's, sggre-
gate 1862, Az, $3.50, against 81, 087, 476, 983
last week, a decline of 1925, 10000, or
III per cent, snd, as compared with
S842, 424, 972 in the last week of May,
1856, an increase of IA per cent. Over go
per cent. of the decline in clearings took
place at New York and Boston, which
report decreases this week of S89,-
600, 900 and S22, 900, 900 respectively. The
decline at Philadelphia was but SO, 000,-
900, San Francisco S4,200,000, and at
Baltimore 100000. Domestic money
markets generally are easier, Chicago and
Kansas City reporting specially active de-
mand, The New York Stock market is
dni! and narrow. Threatened rail-rate
disturbances west OcCasiOned slightly
lower prices, but the general feeling now
favOrs higher prices Activity is noted
mainly on the part of traders
The industrial situation is less encour-
aging. Special advices to Bradstreet's
show that fifty three blast furnaces, with
Sc, 600 tons capacity weekly, have banked
up owing to the coke strike, reducing
iron output ~ per cent, and
the to al iron output % per cent. within
two weeks. Many nail mills are idle, and
few iron and steel-p plate mills. Ten thou
sand employees at the above are forced out
of work and Is, 900 coal miners by the shut
of anthracite producers. In addition
50. 900 industrial employees are striking or
locked out, against $4,000 one year ego.
Pig iron is steady east and at Chicago and
st. Louis. Reduced output promises to
help prices, as there are practically no
saaeks st furnaces. First signs of renewed
f5mand, expected after July l, it is be-
lieved will push quotations up. Lower
merchant bar prices apply to smaller
sizes, and reduced Bessemer quotations
are due to slack demand and the late
heavy output.
There has been g noteworthy demand
for dry goods, except woolens, some
brown and bleeched cottons and print
cloths having been advanced in price.
Mills are busy. An auction sale of cassi-
mereS at New York resulted better than
expected, but with declines from ruling
prices. Spot cotton has advanced &c,
with remaining old crop options very &C
tive and the market strong. Wool west
and south is excited, ana reports from
and Boston are that unless
interior holders change their views sea
board markets will have 10 advance soon.
Produce trading is attracting more ct
tention with wheat at Chicago leading in
activity. The cliques appear stronger,
and the opinion is held at the west that
each option through the summer is to be
and successfully manipulated
BY them. In spite Of unusually heavy
Chicago receipts of live hogs, provisions |
ere strong and pork was forced upward |
more than 81 per barrel. Raw sugar has
Deen active with hardening prices, and |
.efners have found a ready market at
advancing figures. Imports have de-
;lined. Rio coffee has been brisk specu- !
Options are excited and fever
sh, and higher again after the realizing
sales on Tuesday, Bradstreet's.